Today witnessed three significant events shaking the cryptocurrency landscape.
A major fraud incident involving a politically connected memecoin transaction alongside a substantial Bitcoin sale from years past has captured market attention.
A wallet linked to the TRUMP memecoin, reportedly endorsed by former US President Donald Trump, transferred 381,000 TRUMP tokens—valued at roughly $2 million—to the Binance exchange approximately three hours ago.
Meanwhile, an early Bitcoin whale who amassed a large stash of BTC during Bitcoin’s infancy sold 500 BTC today for about $47.77 million. This investor originally purchased 5,000 BTC twelve years ago when prices hovered near $332 per coin, investing only around $1.66 million at that time.
This whale has been gradually offloading assets since December 2024 and has so far sold 2,500 BTC worth approximately $265 million at an average price of $106,164 per coin. The holder still retains another 2,500 BTC valued near $237.5 million and is estimated to have realized profits exceeding half a billion dollars in total.
In addition to these developments, blockchain analyst ZachXBT revealed that one individual lost over $282 million in combined Bitcoin and Litecoin holdings due to a social engineering hack targeting their hardware wallet. The attacker reportedly laundered some stolen funds into Monero (XMR), triggering an abrupt spike in XMR’s market value. Moreover, the thief converted around 818 BTC (close to $78 million) into various cryptocurrencies via THORChain: specifically converting them into roughly 19,631 ETH tokens, over three million XRP coins (3.15M), and about 77 thousand LTC units (77,285).
Please note: This information does not constitute financial advice.